Is The Ridge by Cachet Homes, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, The Ridge by Cachet Homes has remained a Seller's Market.
Housing Prices in The Ridge by Cachet Homes, AZ
How much do homes in The Ridge by Cachet Homes, AZ cost?
Median Sold Price
$566,000
$343/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Ridge by Cachet Homes was $566,000 in April 2024, down 5.7% from last year, and the median price per square foot was $343.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $532.5K | $590K | +10.8% |
3 Bedrooms | $660K | $565.5K | -14.3% |
4 Bedrooms | - | - | N/A |
5+ Bedrooms | - | - | N/A |
Summary: The Ridge by Cachet Homes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.8%, 3 bedroom homes decreased by 14.3%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Northern Scottsdale | $1.2M | $1.3M | +9.7% |
McDowell Mountain Ranch | $1.0M | $1.0M | +1.5% |
The Ridge by Cachet Homes | $600K | $566K | -5.7% |
Housing Supply in The Ridge by Cachet Homes, AZ
How many homes are available in The Ridge by Cachet Homes, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
6 | 7 | +16.7% |
Summary: The The Ridge by Cachet Homes real estate market had 7 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 2 | 2 | 0.0% |
4 Bedrooms | 0 | 0 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Ridge by Cachet Homes housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 2 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in The Ridge by Cachet Homes in April 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for The Ridge by Cachet Homes, AZ
How long does it take to sell a home in The Ridge by Cachet Homes, AZ?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
132 Days | 44 Days | -66.7% |
Summary: Homes in The Ridge by Cachet Homes had an average of 44 days on market in Apr 2024, down by 66.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in The Ridge by Cachet Homes; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.